Volvo has revised its timeline for a full transition to electric vehicles by 2030 but remains firm in its belief that "electric vehicles are undoubtedly the future of the automotive industry." CEO Håkan Samuelsson also cautioned that as Chinese EV brands expand their global reach, some Western automakers may find it difficult to keep up. Samuelsson returned to lead Volvo in April on a two-year contract to steady the company amid challenging market conditions. He previously served as Volvo’s CEO for a decade before stepping down in 2022. In a recent interview with Bloomberg, Samuelsson stated, ...